Celebrating the Centennial Anniversary of Farm Credit

Floor Speech

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Mr. KELLY of Mississippi. Mr. Speaker, as we near its 100th anniversary, I rise today to commend the cooperative owners and the employees of the Farm Credit System for their continuing service in meeting the credit and financial-services needs of rural communities and agriculture.

I was pleased to cosponsor House Resolution 591, commending the cooperative owners and employees of the Farm Credit System for 100 years of service. The legislation was introduced by House Agriculture Committee Chairman Mike Conaway, Ranking Member Collin Peterson, as well as the Chairman and Ranking Member of the Subcommittee for Commodity Exchanges, Energy & Credit, Chairman Austin Scott and Ranking Member David Scott.

The Farm Credit System plays a vital role in the national success of agriculture and the economic vibrancy of rural communities throughout all 50 States and Puerto Rico, providing more than $237 billion in loans to more than 500,000 customers. For example, in my home state of Mississippi, Farm Credit serves 6,379 borrower-customers, providing $1.2 billion in credit.

Farm Credit's mission also extends to supporting rural communities by financing vital infrastructure, bringing clean water to rural communities, providing reliable energy to farms and rural towns, and offering modern high-speed telecommunications that connect rural America to the rest of the world.

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